News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
More →Experts divided over Binance hack asset freezes, warn recovery is another matter
Experts divided over Binance hack asset freezes, warn recovery is another matter
Binance uncovers wider breach in $6.3 billion exploit, targets Sunday withdrawal restart
Binance uncovers wider breach in $6.3 billion exploit, targets Sunday withdrawal restart
Wall Street analysts urge investors to buy crypto stocks after $6.3 billion Binance hack
Wall Street analysts urge investors to buy crypto stocks after $6.3 billion Binance hack
Binance arranges $6.34 billion to cover losses from record crypto hack
Binance arranges $6.34 billion to cover losses from record crypto hack
Strategy CFO Andrew Kang resigns as company posts record operating profit
Strategy CFO Andrew Kang resigns as company posts record operating profit
Binance hacker dumps a little-known 2017 token and it crashes 90%
Binance hacker dumps a little-known 2017 token and it crashes 90%
Binance hack bites India's largest crypto exchange as it curbs futures trading
Binance hack bites India's largest crypto exchange as it curbs futures trading
$8 Million Crypto Kidnapping Lands Texas Brothers 15-Year Prison Terms
Two Texas brothers have been sentenced to a <a href="https://www.justice.gov/usao-mn/pr/brothers-sentenced-total-326-months-imprisonment-8-million-armed-robbery-cryptocurrency" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>combined 326 months in prison</a> for a violent home-invasion robbery in which they held a Minnesota family at gunpoint for hours and forced the father to hand over more than $8 million in cryptocurrency. Raymond Christian Garcia and Isiah Angelo Garcia, both of Waller, Texas, were sentenced on Thursday to 180 months and 186 months respectively, or 15 and 15-and-a-half years, by U.S. District Judge Donovan Frank in St. Paul, according to the Justice Department. Both had pleaded guilty in June. According to court documents, the brothers traveled from Texas to Grant, Minnesota, and on Sept. 19, 2025, broke into the victim’s home, zip-tied the family and held them at gunpoint for more than nine hours while demanding access to the father’s crypto accounts. When he failed to transfer the amount they expected, they forced him to drive one of the brothers to the family’s cabin in upstate Minnesota to retrieve additional hardware wallets and move the funds. In total, they compelled him to transfer over $8 million. The pair fled after the victim’s son called 911, and were later arrested near Houston. “The Garcia brothers committed a brazen and calculated act of violence against the victim and his family,” U.S. Attorney Daniel Rosen said in a statement. The FBI’s Christopher Dotson said the brothers “violated the sanctity of a home” in “a brazen act of violence and greed.” The case is a stark example of a “<a href="https://decrypt.co/321821/7-ways-protect-yourself-crypto-attacks" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>wrench attack</a>,” in which criminals use physical force rather than hacking to seize crypto. Such attacks have surged alongside crypto’s rising prices: <a href="https://decrypt.co/375014/crypto-wrench-attacks-30m-stolen-2026-chainalysis" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>Chainalysis</a> counted 46 violent incidents in the first half of 2026 with more than $30 million stolen, while <a href="https://decrypt.co/374136/crypto-wrench-attacks-cost-victims-124m-in-six-months-up-12x-certik" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>CertiK pegged losses</a> even higher. Recent cases span a <a href="https://decrypt.co/378720/crypto-workers-children-held-hostage-in-latest-french-wrench-attack-46000-taken" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>French kidnapping</a> in which workers’ children were held hostage and a <a href="https://decrypt.co/381281/uk-trio-jailed-over-home-invasion-in-failed-crypto-theft-attempt" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>UK home invasion</a> that ended in prison terms for the attackers. The sentencing offers one of the clearest signals yet that U.S. courts are treating
TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor
Three blockchain analytics firms have attributed this week's hack of Binance to North Korea, with two of the largest naming TraderTraitor, a North Korean hacking group, as responsible for what both describe as the largest crypto theft on record. <a href="https://www.trmlabs.com/resources/blog/north-korea-steals-usd-6-36-billion-from-binance-in-the-largest-hack-in-history" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>TRM Labs</a> said it made the attribution "with high confidence," based on "robust on and off-chain intelligence." It put the theft at about $6.36 billion, moved out of Binance <a href="/?post_type=post&p=5702" target="_blank" rel="noreferrer" class="sc-adb616fe-0 dJryYS">><span class="sc-fe458747-4 eaOPgC">wallets</span></a> on 10 blockchains, most of it in about 20 minutes from 4:05 p.m. ET on Thursday. That is about four times the <a href="https://decrypt.co/307990/fbi-links-north-korea-to-1-4-billion-bybit-crypto-heist" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">$1.5 billion Bybit hack</a> of February 2025, which the FBI attributed to the same group, TRM noted. <a href="https://www.chainalysis.com/blog/binance-exploit-latest-findings-and-response/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>Chainalysis</a>, which put the total at about $6.4 billion, said the strongest evidence came when its investigators saw funds stolen from Binance commingling in real time with funds from last month's <a href="https://decrypt.co/379275/bitget-hack-183-million-crypto-exchange-wallets" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">Bitget exploit</a>, which had been <a href="https://decrypt.co/380005/chainalysis-ai-87m-bitget-hack-north-korea" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">attributed</a> to North Korean actors. A Chainalysis spokesperson told <i><a href="https://edition.cnn.com/2026/10/30/tech/binance-crypto-heist-hnk-intl" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">CNN</a> </i>the firm had "high confidence" North Korea was behind the hack. Singapore-based Pangolin Intelligence also told <i>CNN</i> it believed a North Korean hacking unit was responsible, based on "analyzing the on-chain activity related to this hack and correlating with information gathered from previous known incidents." North Korea has previously denied hacking allegations. TRM and Chainalysis both said the attacker's operational wallet was funded through Tornado Cash, a crypto mixer. TRM said that and other features, including staging that began well before the theft, matched earlier North Korea-linked attacks such as the Bybit hack and April's <a href="https://decrypt.co/364872/layerzero-pins-292m-kelpdao-bridge-hack-on-north-koreas-lazarus-group" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">KelpDAO exploit</a>. On <a href="/?post_type=post&p=5726" target="_blank" rel="noreferrer" class="sc-adb616fe-0 dJryYS">><s
After its IPO, Anthropic may be unable to obtain an investment-grade rating.
CoinWorld news, according to Investing.com, Anthropic may not obtain an investment-grade rating after its IPO and is expected to receive a "high" junk rating.